Monday, January 30, 2012

levereleve

levereleve

Every Small Business Should Set Up An Advisory Board

When people think about setting up a small business they often think they are going at it alone against the world. Everyone wants to start the next one man business that will end up ruling the world and become the next Apple or Walmart.

The reality is that the companies that are household names now did not start out on their own, they had help. Not just staff and workers but people giving them advice on different parts of their business.

Advice and opinions are not the same thing, everyone has opinions on everything. Whether it is the weather, politics and religion or sports everyone you meet will be able to share their opinion on the subject.

Advice that is valuable and will help move your business forward can be harder to come by but that is exactly why every small business owner should seek it out. The expression "I can't see the wood for the trees" is much used and it really does apply to most small companies.

We all get so used to our own working environment that we sometimes miss opportunities to improve and expand our business. By inviting other business people to look at our work we can have a fresh set of eyes who may well be able to find a better way of doing things.

Fear is often the main reason that businessmen give for not inviting others into their business, people are scared that someone will steal their ideas and set up in competition. Fear is not a good way to run a business, it is a limiting emotion.

If you surround yourself with smart associates who want to share their experience you will find that you can all grow. This is exactly where an advisory board comes into its own, by making it an official part of your company you are showing how seriously you are taking the matter.

You do not have to pay people to be a member of the advisory board, although it is a good idea to get the best people you can and if you can afford to pay for them then do so. When you are just starting out in business you will probably have to rely on the goodwill of others, choose people with real life experience that is relevant to your business.

Friday, January 27, 2012

Top Three Profitable Choices With Web Based Business

The internet is a very useful tool. More than keeping people connected, it has given rise to a lot of home based jobs and businesses. Through the help of the internet, it is now possible to earn income within the confines of your own home starting with just three things: computer, reliable internet connection and a small capital money. There are many ways to start a web based business and here are the top 3 profitable choices available today:

1. Affiliate

Affiliate programs are on the road to getting bigger these days. Affiliate business is probably one of the best online business ideas because it doesn't require so much technical skills or specific knowledge on IT or business.

Home based affiliate business is pretty much like internet advertising. These affiliate programs work by paying commissions as high as 75% to people who promote the products they offer. Websites such as ClickBank, PayDotCom and PaySpree are affiliate programs that are free and easy to join, without even having to start a website.

Look at it this way, say you have your own blog and you'd want to start your own business through it, all you have to do is sign up for an affiliate program, choose one of the products in the program and start talking about it in your blog. Each time someone purchases the product because of the link in your blog, you get a commission. Choose more products, blog more and you could be well on your way to one of the most successful internet businesses!

2. MLM

As Robert Kiyosaki, author of Rich Dad, Poor Dad puts it, "The richest people in the world look for and build networks, everyone else looks for work."

MLM or Multi-level marketing is also sometimes called Network Marketing. Whilst some may argue that this kind of entrepreneurship idea is a scam, the DSA or Direct Selling Association's data would say otherwise. Out of DSA's 200 members, 94.2% use multi-level marketing in 2009. Companies we know and trust such as Avon, Tupperware, Electrolux and Kirby are just a few examples of businesses making use of MLM.

Money is earned in MLM through direct selling, sales from other recruits and so on. MLM has taken a step forward by using the internet for networking and marketing the products they offer. In most cases, you might have to get training and attend several workshops to get started on this business venture. There are ample MLM business link exchange sites and web rings to help you get traffic and connections fast.

3. Travel

The travel industry has tapped the use of the web. To start a web based business with travel as a specific industry in mind requires passion for travel, alertness for legitimate offers and promos internationally and skills at relating to people.

Industry experts would suggest starting your own website along with the start of this business but free blogs would do. One of the best ways to build credibility is to start a blog on your personal travel stories, post pictures and reviews. After all, people will want to ask your help for finding the best travel deals once they see how you enjoyed seeing the world yourself, don't you think?

Wednesday, January 25, 2012

Some Types of Business Organizations

When you decide to operate a business, the first question to be addressed is what legal form the business will take. There are three typical ways in which you may carry on a business: as a sole proprietorship, a partnership, or a corporation.

Sole Proprietorship

The sole proprietorship is the simplest form of operating a business. Only one owner is responsible for making all of the business decisions and, therefore, earns all the profits, but also assumes all of the risks and obligations.

Most sole proprietorships tend to be small and localized. The advantages commonly associated with carrying on a sole proprietorship are the following: (1) ease in which to commence and dissolve the business; and (2) modest start up expenses.

There is, however, a significant disadvantage which may lead you to decide against choosing this business form, namely, unlimited liability. The owner is personally responsible for all of the debts and obligations incurred by the business. The owner is thus liable to the full extent of his/her personal assets for all of the liabilities and losses which are incurred by the business. Also, the owner is liable for the actions of employees in the course of their employment.

Most jurisdictions require that sole proprietorships register with the relevant government department or authority under the trade name it is operating under.

Partnership

A partnership is a relationship between two or more persons carrying on a business with a view to making a profit. The organization is usually more complex than that of a sole proprietorship and there is more than one owner to share in the profit and/or losses.

Some groups of individuals choose a partnership as the manner in which to carry on a business because of its ease of formation and dissolution, as well as its overall lack of formalities. However, like a sole proprietorship, one of the primary disadvantages to choosing a partnership as your business form, includes the unlimited personal liability of each partner for all of the debts and obligations of the partnership. In other words, every partner is liable for all the debts incurred by the other partners while acting in the course of business, regardless of the capital contribution of individual partners.

Corporation

A corporation (also called "company") is a legal entity that has its own legal personality which is distinct from its owners (called shareholders) and the individuals who manage and run its affairs and business (called directors and officers). The creation of a corporation occurs following the proper filing of Articles of Incorporation (also called a Charter or Certificate of Incorporation) with the relevant government department or authority.

Every corporation is comprised of shareholders, directors and officers. Shareholders, as the name implies, are the ones who hold (i.e., own) the shares in the corporation. By reason of the votes that are usually attached to the shares, the shareholders control the corporation. If there is only one shareholder, that person has absolute control of the corporation. If the corporation has numerous shareholders, control of the corporation depends on who has a majority of the voting shares. However, the shareholders do not directly manage the corporation. They exercise their influence by electing and removing directors and approving or disapproving major corporate decisions.